Agavilla Terraces

By: Property Mash: February 23, 2016, Updated: June 26, 2018

  • Premium terraces
  • Located in a leafy and quiet cul-de-sac
  • Very generous proportions
Agavilla, Main, On-site

Agavilla Terraces Construction Site, 08/01/2016.

“House-sized utilities without all the up-keep a house requires.” Sounds like a grand idea. Now set that proposition amidst actual houses, beautiful big old Queenslanders, and you can see how you might be tricked into thinking you are actually standing in front of a row of stylish modern houses. Not the terraces that they are.

Perhaps that was the designers and developers wishes with this particular project. But don’t let me speak for them. These are merely the thoughts that flit through my mind as I stand on O’Loan Street in Yeerongpilly snapping photos of the advancing construction site of Agavilla Terrace Homes.

But perhaps it is trickery, this. Because I’ve met one of the directors of the sales agency responsible for this project. And, despite my inherent cynicism, I liked what he said:

“Boutique deserves boutique.”

Meaning more specialised and sophisticated properties need likewise treatment in terms of sales and customer service. Which would be great. And having that as your motto for your company is something customers are sure to appreciate, were it to be realised…

With a 13-year history in real estate and an impressive sales record, Ryan Leddicoat has teamed up with long-time acquaintance and fellow real estate agent Heath Williams to form a sharp new project marketing firm, Stack Projects.

And he seems very sure of what he wants for the firm. A more focused approach for a more owner-occupier purchasing demographic. The projects they sell have had their input from the start. They genuinely care about not just the selling, but the fit, finish…the liveability of the projects they add their name to.

It would seem I am shimmying myself onto the hook…

See why I was concerned about trickery? When it seems this good, something in me freaks out. My little negativity-gremlin busts out of his chains, sniffling and snarling, furiously hunting for the deception that must surely be there. Aaaaa!

No need to fret.

This project and its creators are the real deal.

The terraces are being done up to a very high spec. They really are generously proportioned. Set in the peaceful surrounds of a cul-de-sac in leafy Yeerongpilly, it actually does feel like an oasis…

Agavilla’s 14 high-spec terrace homes start at $710,000 and construction is well under way.

The Project

“Size is what differentiates,” says Ryan. And with total area space ranging from between 271 and 333 square metres, these terraces are certainly different.

The theme of ‘differentiating’ continues with the production team’s approach. “Passionate collaborators” is how Ryan describes the parties involved. And that is what you want as a purchaser.

 There are enough uber-developers churning out live-in cookie-cutter boxes.

With Brisbane’s residential development market going gangbusters, purchasing from a firm specialising in a more intimate, quality-driven approach is reassuring.

All the terraces have three bedrooms, two bathrooms and a powder room.

Two of the homes are duplexes and the rest are triplex.

The triplex homes have large storage areas (between 28 and 35 square metres) on the ground floor, separate to the two-car garages. They could just as easily double for mixed-use rooms. Very handy.

Balconies for the two duplexes are admittedly small – 4 sqm for home one and 8 sqm for home two. The triplexes however have generous balconies, ranging in size from 20 to 25 sqm.

All residences have ducted air-conditioning and are fitted with Asko appliances.

The real highlight of these properties is their external space.

The duplexes have terraces with gardens, and the triplexes have excellent outdoor courtyards and gardens.

And thankfully, all living and dining areas have 2.7-metre-high ceilings.

There are two variants for finishes – Granite and Sandstone. For Granite think dark greys and for Sandstone, beige. Dark. Light.

And to makes use of the outside areas, all patios and balconies on the ground floor have gas barbecue points.

Lastly, the whole complex benefits from the security of having one entry gate, and an intercom.

Location

Yeerongpilly sits alongside the Brisbane River, about 7km south of the Brisbane CBD.  Exciting things are happening in this well-established river-side suburb. A massive urban renewal project called Yeerongpilly Green is in the makings, with $850 million allocated to the upcoming lifestyle precinct. The master-planned site spans 14ha along the Brisbane River and sits between the Queensland Tennis Centre and Yeerongpilly Railway Station. It will see the addition of a boutique retail hub with homewares, fashion stores and gourmet dining.

Agavilla, from afar.

Construction site from afar.

In addition to this vast renewal project, the suburb has much to offer. The Brisbane Golf Club, Yeronga Park, Queensland Tennis Centre and Moorooka Picnic Grounds are all within 2km.

Agavilla, Viewpoint from site down street

Viewpoint from construction site, up the street.

Access to public transport is very good. Yeerongpilly Train Station is 800m away from the Agavilla Terraces development site. And the City Line bus stop is only 100 metres away.

Agavilla from the next street down.

Agavilla Terraces (between the houses) from the next street down. Angle provides a good indication of the site’s elevation.

Yeronga Primary School and Yeronga State High School are both less than 1km away.

Neighbouring Projects / Competition

There aren’t very many similar projects in Yeerongpilly. The following are two comparable properties in nearby suburbs.

Ten Nelson is a luxury six-townhouse development about 1km away. It is situated on the other side of Fairfield Road (an arterial route) and is closer to the river. A major draw card for it is that the whole development has direct frontage to Rowlinson Park, with each property having park access. Prices start at $650,000.

Montelena Townhomes on Orpen Street, Greenslopes is also worthy of consideration if you are looking for this kind of home. It is to be completed this year and, being in Greenslopes (about 5km away), is a little closer to the city. It has high ceilings throughout and is also fitted to a high spec. They are priced from $625,000.

Builder / Developer Profile

Mikat Constructions Pty Ltd is owned and under the the directorship of Michael Arvanitagis. A carpenter by trade, he has 24 years experience in the construction industry, and prides himself on constantly improving his work.

Real Property Consultants Pty Ltd is both developer and onsite management for this project. They are a family-owned firm with vast property management experience – especially the more premium stuff. Summit Bridgeman Downs – a 26-lot subdivision in the Brisbane’s North Side –  is another one of their property developments.

Investment Analysis – Rent / Onsite Managers

Real Property Consultants Pty Ltd is a family-owned onsite building management firm. This means they work with the Body Corporate to manage onsite caretaking issues. They also act as the exclusive onsite letting agents on their properties.

Body Corporate fees (Administration and Sinking Funds ) are between $2262 and $2322 per year.

Rental return is expected to be around 5.2 per cent of the property’s value.

Sales Agent Profile

Ryan Leddicoat has many years experience in real estate as a top performing sales agent. Over the years he has developed a special interest in project marketing and recently opened a new real estate firm Stack Projects specialising in just that.

As the co-owner and director he oversees the Brisbane office . His business partner and fellow owner of the firm is Heath Williams. In addition to being a high performing sales agent, he also has a background in design. He runs their Sydney office.

As a new firm they have put an emphasis on a genuine ‘boutique’ approach in both their choice of projects, as well as the service they provide to their clientele.

 

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